Global Carpets & Rugs Market Research Report: Information by Material Type (Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Jute and others), Product Type (Woven, Tufted, Knotted, Needle-Punched and others), End Use (Residential and Commercial) and Region – Forecast till 2024
Carpet and rugs market Size are expected to grow during the forecast period, owing to the rising preference for modular carpet solutions among end-users. The increase in renovation activities for residential and commercial purposes and the use of carpets and rugs for floor decoration, are also driving the growth of the market. The market is also gaining traction owing to the increase in adoption of carpets and rugs in the countries with cold climatic conditions as they provide thermal insulation benefits.
Based on type, the tufted segment is expected to dominate the market owing to its increased adoption by the residential construction and commercial projects. The technological advancements have allowed the usage of recycled fiber in manufacturing of Carpets and Rugs, which is further driving the market for tufted carpets and rugs. Tufting is appropriate for all types of fibers & yarns and can be made in a variety of finishes, which increases the use of such types of carpets and rugs.
Based on end-use, the residential segment is expected to grow at the highest CAGR owing to the increase in adoption of carpets for the purpose of floor coverings among residential end-users. Carpets are available in a range of colors and textures, which make them suitable for use by residential end-users in all types of decors. The increasing investment in new housing constructions and the rapid increase in home renovation projects, are driving the growth of the residential sector in the carpets and rugs market.
Scope of the report
This study provides an overview of the global carpet and rugs market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carpet and rugs market by its material, type, end-use and region.
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- Automotive & Transportation
- North America
- Asia Pacific
- Rest of the World
The key players of global Carpet and rugs market includes Mohawk Industries, Inc. (U.S.), Taekett S.A. (France), Lowe’s Companies, Inc. (U.S.), Shaw Industries Group (U.S.), Dixie Group, Inc. (U.S.), Home Depot, Inc. (U.S.), Tai Ping Carpets International Limited (China), Interface, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Victoria PLC (U.K.) and others.
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